Today Automatic Data Processing Had High Bearish Options Activity

 Today Automatic Data Processing Had High Bearish Options Activity

In today’s session Automatic Data Processing (ADP) recorded an unusually high (514) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ADP decrease. With 514 contracts traded and 10464 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADP161118P00090000 closed last at: $0.5 or 33.3% down. About 282,752 shares traded hands. Automatic Data Processing (NASDAQ:ADP) has risen 1.08% since April 12, 2016 and is uptrending. It has underperformed by 3.91% the S&P500.

Automatic Data Processing (NASDAQ:ADP) Ratings Coverage

Out of 11 analysts covering Automatic Data (NASDAQ:ADP), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. $100 is the highest target while $76 is the lowest. The $91.38 average target is -0.37% below today’s ($91.72) stock price. Automatic Data has been the topic of 14 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, July 29 by Robert W. Baird. Topeka Capital Markets maintained the stock with “Sell” rating in Thursday, October 29 report. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 2. On Tuesday, November 3 the stock rating was maintained by Argus Research with “Buy”. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 3. The rating was upgraded by Bernstein to “Outperform” on Monday, July 11. As per Friday, August 14, the company rating was maintained by JP Morgan. The stock of Automatic Data Processing (NASDAQ:ADP) earned “Outperform” rating by William Blair on Monday, August 31. Citigroup maintained Automatic Data Processing (NASDAQ:ADP) rating on Friday, July 29. Citigroup has “Neutral” rating and $90 price target. The stock has “Sell” rating given by Compass Point on Friday, April 15.

According to Zacks Investment Research, “Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.10, from 0.79 in 2016Q1. The ratio improved, as 44 funds sold all Automatic Data Processing shares owned while 379 reduced positions. 59 funds bought stakes while 316 increased positions. They now own 344.03 million shares or 3.92% less from 358.07 million shares in 2016Q1.
Wealthcare Management Ltd Co last reported 0% of its portfolio in the stock. Evercore Wealth, a New York-based fund reported 126,495 shares. Hartford Financial Management Inc holds 32,541 shares or 1.77% of its portfolio. Moreover, Shinko Asset Co Ltd has 0% invested in Automatic Data Processing (NASDAQ:ADP) for 4,107 shares. Proshare Advsrs Ltd owns 627,536 shares or 0.74% of their US portfolio. Auxier Asset Mngmt last reported 12,452 shares in the company. Roanoke Asset Management Corp has invested 0.16% of its portfolio in Automatic Data Processing (NASDAQ:ADP). Jacobs & Ca owns 32,142 shares or 0.69% of their US portfolio. Barr E S last reported 2,600 shares in the company. Moreover, Overbrook Management has 0.23% invested in Automatic Data Processing (NASDAQ:ADP) for 11,892 shares. National Pension Service holds 288,380 shares or 0.24% of its portfolio. Millennium Management Limited Company last reported 283,699 shares in the company. Ww Asset Mngmt holds 52,616 shares or 0.19% of its portfolio. Voloridge Ltd Com has 0.14% invested in the company for 54,890 shares. Moreover, Granite Inv Prtn Ltd Liability Company has 0.67% invested in Automatic Data Processing (NASDAQ:ADP) for 92,971 shares.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 17 insider sales for $11.32 million net activity. Albinson Brock had sold 378 shares worth $34,776. Shares for $97,167 were sold by Ayala John. Another trade for 3,412 shares valued at $313,904 was made by Eberhard Michael C on Friday, July 1. Rodriguez Carlos A also sold $899,100 worth of Automatic Data Processing (NASDAQ:ADP) on Thursday, September 1. On Monday, July 11 Siegmund Jan sold $312,740 worth of the stock or 3,292 shares. O’Brien Dermot J sold $748,256 worth of stock or 8,532 shares. $47,430 worth of shares were sold by Black Maria on Thursday, September 1.

Automatic Data Processing, Inc. is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The company has a market cap of $41.24 billion. The Firm also provides business process outsourcing solutions. It has a 27.48 P/E ratio. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services.

ADP Company Profile

Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a well-known provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Firm also provides business process outsourcing solutions. The Company’s divisions include Employer Services and Professional Employer Organization (PEO) Services. The Firm markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.

More notable recent Automatic Data Processing (NASDAQ:ADP) news were published by: Forbes.com which released: “Automatic Data Processing a Top Ranked SAFE Dividend Stock With 2.5% Yield (ADP)” on November 09, 2016, also Fool.com with their article: “PEO Services Growth Propels Automatic Data Processing Earnings Higher” published on November 08, 2016, Nasdaq.com published: “Automatic Data Processing to announce dividend increase” on November 05, 2016. More interesting news about Automatic Data Processing (NASDAQ:ADP) were released by: Forbes.com and their article: “January 2019 Options Now Available For Automatic Data Processing (ADP)” published on October 17, 2016 as well as Zacks.com‘s news article titled: “Automatic Data Processing (ADP) Tops on Q3 Earnings” with publication date: November 02, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment